2. Prepare a horizontal analysis for 2025 using 2024 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 Year Increase (Decrease) 2025 2024 Amount % Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability $ 1,712,500 $ 600,000 1,175,000 780,000 2,862,500 1,120,000 8,250,000 8,250,000 (1,500,000) (750,000) $ 12,500,000 $ 10,000,000 $ 1,237,500 $ 1,300,000 1,200,000 1,120,000 5,100,000. 5,100,000 2,480,000 Common stock Retained earnings Total liabilities and stockholders' equity 4,962,500 $ 12,500,000 $ 10,000,000